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Arbitration is settling a dispute without filing a lawsuit or going to court. In many ways, an arbitration proceeding has similarities with a court case as both involve the services of lawyers, an exchange of information, and hearings. After both sides speak, the arbitrator can make their decision.
However, this process is much more informal than litigation, and its procedures are more straightforward. For example, in an arbitration case, the parties don’t have that much right to get information or documents from each other. But one crucial document used here is an arbitration agreement or letters. Click here to read more.